The stock of U.S. Bancorp (NYSE:USB) increased by $0.51 on Monday to finish at $36.02, up 1.44 percent. The last five days have seen an average of 9,485,840 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$7.59. The average number of shares traded over the last 20 days was 10,442,105, while the average volume over the last 50 days totaled 12,880,776.
USB stock dropped -8.90% since last month. On 08/25/23, the company’s shares reached a one-month low of $35.21. The stock touched a high of $49.95 on 01/26/23, after rallying from a low of $27.27 in 52 weeks. The price of USB stock has declined by -17.40% or -$7.59 this year, reaching a new high 9 times. Still, the stock price is down -27.89% from the 52-week high.
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Insider Transactions
USB stock investors should be aware that U.S. Bancorp (USB) stock had its last reported insider trading activity 19 days ago on Aug 10. On Aug 10, Vice Chair Welsh Timothy A sold 13,816 shares at $39.79 each. This transaction resulted in the insider making $549,780. On Aug 08, DOLAN TERRANCE R sold 26,000 shares at a price of US$39.75. After the transaction, the insider now owns 166,992 shares. Vice Chair Kelligrew James B had earlier bought 16,260 shares on May 08 for $30.59 a share. The transaction was completed for $497,475.
Valuation Metrics
U.S. Bancorp (USB) has a trailing price-to-earnings (P/E) ratio of 10.01. Beta for the stock is 1.01. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.27, the price-to-book (PB) ratio of 1.20, and the price-to-cash flow ratio of 3.92.
Company paid $0.48 per share in dividends, remained unchanged from $0.48 last year. A $0.02 dividend increase was reported on Tuesday September 13 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.98, and the total debt to equity ratio is 0.98. U.S. Bancorp’s operating margin stood at 57.00% for the same period. Based on annual data, it had gross profit of $14.73 billion and revenue of $17.95 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. USB’s return on assets (ROA) during the last 12 months has been 0.80%. There was a 13.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.30%.
Earnings Surprise
According to U.S. Bancorp’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that U.S. Bancorp’s quarterly earnings would be $1.12, but it ended up being $1.12. At the end of U.S. Bancorp’s most recent quarter ended June 29, its total debt was $85.23 billion. Equity owned by shareholders amounts to $1.53 billion.
Technical Picture
Here’s a quick look at U.S. Bancorp’s (USB) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 35.71%, suggesting the stock is Neutral, with a 19.16% historical volatility rate.
The stochastic %K and %D were 12.35% and 12.30% respectively, while the average true range (ATR) was 0.95. Based on the 14-day stochastic reading of 15.84%, the RSI (14) reading is 41.41%. On the 9-day MACD Oscillator, the stock is at -0.47, and the 14-day reading is at -1.41.
Analyst Ratings
In a note to investors, DA Davidson maintained its a Neutral rating on U.S. Bancorp (NYSE: USB). However, the firm raised their price target to $41, indicating a possible increase of 7.64% in the stock price. Analysts have assigned U.S. Bancorp (USB) an Overweight rating. USB is a stock that is recommended for selling by 0 brokerage firms, while 15 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 11 others recommend it as a buy.
What is USB’s price target for the next 12 months?
The current consensus forecast for the stock is between $36.00 and $67.00, with a median target price of $43.00. In analyzing these forecasts, the average price target given by analysts for U.S. Bancorp (USB) is $43.86.
